Hello everyone, my name is David and I am the owner of a sales and manufacturing company that produces a niche product. I have been in business for almost 5 years and the market for my product is still very strong. There are many factors that bring us to our current position but I will only highlight the most relevant in an open forum such as this.
First, I'll start by respectfully preempting you Luckiest. I have an Accountant, Lawyer and investor ready business/marketing plan. I am very familiar with S.C.O.R.E. and have benefited greatly from my experience with the local chapter. Still, I look forward to any response you might have for me after reading this post.
I have invested everything I have to this point. My personal credit is virtually non existent because I've always paid cash for everything as a result of watching freinds and family bury themselves in debt using credit. There are 2 minor items listed in my report that I am currently disputing. I can eliminate them both for under $1000 but these items are not mine and I refuse to pay debt I did not aquire. Besides, I don't think it will help matters much because the only other thing on the report is a car I paid off on time. In other words, I don't have a bunch of revolving accounts and I do not own a home. Although I am not a candidate for a loan though my current bank, the branch manager has been a big supporter in other ways. The following is an excerpt of a very recent email to one of his banking clients that I hope will pan out for us(edited for personally identifying content)
"I have a client, who I've known for several years that has a business and is looking for some capital to bump up advertising and purchase machinery that's vital to this line of work. I've given them a line of credit of $25K and also maintain their bank accounts here at "_____" Bank. They've always paid as agreed and have maintained a very professional relationship with me.
I talked to him this morning and he asked if I new of anyone who might be looking to partner with him and assist him with what he's trying to do. He's been in business for 5 years and has managed to keep things going (despite the current state of the economy) and what's even more impressive is that the company has very little debt.+
I've actually used him for several personal and bank related projects and I really stand behind what they do. It's a pretty cool concept that I feel truly lacks proper backing.
Here's his website. www."________".com
I'm only doing this as a favor to him and outside of a banking relationship, I have no personal involvement with him or his company. Let me know if you are interested in talking to him."
The 25k mentioned here was a loc to the company not based on personal credit. Although my banker would like to help us out he can't because of my credit picture and no collateral to speak of. So, here I am.
Without getting into too much detail here I must also mention that my company has not yet posted a profit. There are very justifiable reasons for this, mostly due to our lack of proper mass production capabilities and other inadequacies that can be remedied with the funding of our plan.
We are seeking 850k in the form of a loan, loc or both. As I am new to procuring funds in this manner I am not certain as to what a fair return would be in this situation as described (advice here would be appreciated). I am willing to explore some equity scenarios but do not wish to give over controlling interest.
My product is a revolution in it's market and chances are that many here can and will use it. There is so much more to this company than meets the eye and my hope is that someone here will take the interest and help us build a legacy.
First, I'll start by respectfully preempting you Luckiest. I have an Accountant, Lawyer and investor ready business/marketing plan. I am very familiar with S.C.O.R.E. and have benefited greatly from my experience with the local chapter. Still, I look forward to any response you might have for me after reading this post.
I have invested everything I have to this point. My personal credit is virtually non existent because I've always paid cash for everything as a result of watching freinds and family bury themselves in debt using credit. There are 2 minor items listed in my report that I am currently disputing. I can eliminate them both for under $1000 but these items are not mine and I refuse to pay debt I did not aquire. Besides, I don't think it will help matters much because the only other thing on the report is a car I paid off on time. In other words, I don't have a bunch of revolving accounts and I do not own a home. Although I am not a candidate for a loan though my current bank, the branch manager has been a big supporter in other ways. The following is an excerpt of a very recent email to one of his banking clients that I hope will pan out for us(edited for personally identifying content)
"I have a client, who I've known for several years that has a business and is looking for some capital to bump up advertising and purchase machinery that's vital to this line of work. I've given them a line of credit of $25K and also maintain their bank accounts here at "_____" Bank. They've always paid as agreed and have maintained a very professional relationship with me.
I talked to him this morning and he asked if I new of anyone who might be looking to partner with him and assist him with what he's trying to do. He's been in business for 5 years and has managed to keep things going (despite the current state of the economy) and what's even more impressive is that the company has very little debt.+
I've actually used him for several personal and bank related projects and I really stand behind what they do. It's a pretty cool concept that I feel truly lacks proper backing.
Here's his website. www."________".com
I'm only doing this as a favor to him and outside of a banking relationship, I have no personal involvement with him or his company. Let me know if you are interested in talking to him."
The 25k mentioned here was a loc to the company not based on personal credit. Although my banker would like to help us out he can't because of my credit picture and no collateral to speak of. So, here I am.
Without getting into too much detail here I must also mention that my company has not yet posted a profit. There are very justifiable reasons for this, mostly due to our lack of proper mass production capabilities and other inadequacies that can be remedied with the funding of our plan.
We are seeking 850k in the form of a loan, loc or both. As I am new to procuring funds in this manner I am not certain as to what a fair return would be in this situation as described (advice here would be appreciated). I am willing to explore some equity scenarios but do not wish to give over controlling interest.
My product is a revolution in it's market and chances are that many here can and will use it. There is so much more to this company than meets the eye and my hope is that someone here will take the interest and help us build a legacy.
Tags:
Report as inappropriate
